Phoenix New Media (FENG) Operating Margin (2010 - 2026)
Phoenix New Media's Operating Margin was -2.42% in the quarter ended Jun 30, 2026, down 2.42 percentage points from 0.00% a year earlier but up 13.43 percentage points from the prior quarter.
Phoenix New Media (FENG) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Phoenix New Media's Operating Margin was -2.91% through Jun 30, 2026, up 5.09 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at -4.49%, up 4.71 percentage points from the prior year.
- Operating Margin has now increased for four consecutive years, with a five-year change of +3.99 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Operating Margin was -9.20% in the year ended Dec 31, 2024 (+8.97 pp), -18.16% in the year ended Dec 31, 2023 (+6.20 pp), -24.36% in the year ended Dec 31, 2022 (+8.15 pp) and -32.51% in the year ended Dec 31, 2021 (-24.03 pp).
- Quarterly Operating Margin has moved between -84.35% (the quarter ended Sep 30, 2021) and 20.87% (the quarter ended Dec 31, 2022) over five years.
- Compared with a year earlier, Operating Margin was higher in five of the last eight quarters, with an average year-over-year change of +3.70 percentage points.
- The best year-over-year quarter for Operating Margin over five years was the quarter ended Sep 30, 2022 (a gain of 65.57 percentage points); the worst was the quarter ended Sep 30, 2021 (a drop of 74.96 percentage points).
- Per Business Quant data, FENG's Operating Margin in the three quarters before the quarter ended Jun 30, 2026 was -15.85% (quarter ended Mar 31, 2026), 11.02% (quarter ended Dec 31, 2025) and -6.62% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,142.52 Bn | 3,900.05 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,882.44 Bn | 1,584.96 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 250.25 Bn | 68.12 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 192.03 Bn | 169.21 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 141.56 Bn | 113.53 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 121.98 Bn | 55.03 Bn | - | 34.00% |
| 8 | PDD Holdings | 110.31 Bn | -141.62 Bn | 9.45 Bn | 24.71% |
| 9 | AppLovin | 102.49 Bn | 92.52 Bn | 1.70 Bn | 77.68% |
| 10 | Phoenix New Media | 20.32 Mn | -552.20 Mn | 18.30 Mn | -2.42% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.42% |
| Mar 31, 2026 | -15.85% |
| Dec 31, 2025 | 11.02% |
| Sep 30, 2025 | -6.62% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | -24.71% |
| Dec 31, 2024 | 3.07% |
| Sep 30, 2024 | -15.80% |
| Jun 30, 2024 | -5.31% |
| Mar 31, 2024 | -23.88% |
| Dec 31, 2023 | 10.83% |
| Sep 30, 2023 | -25.10% |
| Jun 30, 2023 | -19.80% |
| Mar 31, 2023 | -50.84% |
| Dec 31, 2022 | 20.87% |
| Sep 30, 2022 | -18.77% |
| Jun 30, 2022 | -49.45% |
| Mar 31, 2022 | -60.91% |
| Dec 31, 2021 | -17.51% |
| Sep 30, 2021 | -84.35% |
Phoenix New Media Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=FENG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "FENG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=FENG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();